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Jul 24, 2011
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, big spending cuts. but, the white house knew that a lot of republicans including speaker john boehner thought it would be irresponsible to not -- raise the debt ceiling and go past the limited and on the other hand, the white house is insisting on a long term deal to get it passed the election, and, republicans know that they cannot reject a deal too, voy default now, just so they can get it passed the election and if there is an actual deal that is -- for 6 months the white house will have to accept it. so, both sides have these weakness in their bargaining positions. >> jamie: byron york of the washington examiner, i know you wrote a great piece on this yesterday and we'll follow your commentary how things are going in washington. thanks for weighing in, today. >> thank you, jamie. >> eric: right now it is ten at night in hong kong and 11:00 at night in tokyo and, in hours when the traders wake up and go to work, what will happen? all eyes are anticipating what could happen when trading beginnings in
, big spending cuts. but, the white house knew that a lot of republicans including speaker john boehner thought it would be irresponsible to not -- raise the debt ceiling and go past the limited and on the other hand, the white house is insisting on a long term deal to get it passed the election, and, republicans know that they cannot reject a deal too, voy default now, just so they can get it passed the election and if there is an actual deal that is -- for 6 months the white house will have...
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Jul 23, 2011
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that's my big worry. soy far the -- so far the markets are calm, surprisingly so to me >> arthel: the average person is caring about their jobs and whether people are going to start hiring them and they are not going to charge too much interest rate. we could go on. >> businesses are afraid to hire, because deficits crowd out the economy. i think that's why unemployment is remaining high. >> arthel: i feel like it is turning into this political football. i think the average person is getting to the point where who should they believe? they are telling me that we have to stop now. gary, i've enjoyed the conversation, but i must end it there, thank you for your time >> my pleasure. >> rick: 15d news out of london today. sing -- sad news out of london today. er amy winehouse is dead. -- the cause of death not immediately clear the 27-year-old had a history of struggling with drugs and alcohol for years. >> her death this is very odd, winehouse becomes the latest singer to join the so-called forever 27 club.
that's my big worry. soy far the -- so far the markets are calm, surprisingly so to me >> arthel: the average person is caring about their jobs and whether people are going to start hiring them and they are not going to charge too much interest rate. we could go on. >> businesses are afraid to hire, because deficits crowd out the economy. i think that's why unemployment is remaining high. >> arthel: i feel like it is turning into this political football. i think the average...
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Jul 23, 2011
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they've seen what happens in greece, they've seen the net results of big spending entitlement programs that aren't addressed and many in wall street are concerned it might happen here. >> the president said yesterday he was concerned about wall street and interesting enough that the speaker of the house and the president came out with these statements about the breakdown and the impasse after the markets closed on friday. does that mean that they, as politicians, also have some bottom line concerns about how their statements and their actions in terms of the politics of this, would affect wall street? >> oh, i hope they're well aware, kelly, because certainly wall street has been keeping a close eye on washington. not just the last number of weeks, but for quite some time and why many in wall street, actually say, moving past moody's, s & p the opinion of the rating agencies and focusing on not so much the debt ceiling, but the debt itself and got many questioning, kelly, whether u.s. debt continues to be a good investment even if the compromise on the debt ceiling and potential defaul
they've seen what happens in greece, they've seen the net results of big spending entitlement programs that aren't addressed and many in wall street are concerned it might happen here. >> the president said yesterday he was concerned about wall street and interesting enough that the speaker of the house and the president came out with these statements about the breakdown and the impasse after the markets closed on friday. does that mean that they, as politicians, also have some bottom...
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Jul 24, 2011
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there is a big difference. i'll continue that and you made a comment about the economy and interest rates in terms of what is happening. understand why is it that countries such as china and japan who have $2 trillion of our debt, why is it they are happy to buy at zero interest? they are buying the country and economy and world leadership. they are not buying the treasury performance they are buying our country's performance. >> gregg: legendary investor stanley drukenmiller he says it's not going to be catastrophic. he says the bigger danger than a technical default is raising the debt ceiling without any conditions to control spending. he is right? >> he is right. i'll take it further. what is wall street wants? wall street doesn't want answers they want clarity. show a flame work. i think we'll be fine. >> gregg: thank you on. >> heather: new details of two deaths of a pharmaceutical executive. you may remember the girlfriend found dead hanging from a balcony in the mansion. six-year-old son apparently died
there is a big difference. i'll continue that and you made a comment about the economy and interest rates in terms of what is happening. understand why is it that countries such as china and japan who have $2 trillion of our debt, why is it they are happy to buy at zero interest? they are buying the country and economy and world leadership. they are not buying the treasury performance they are buying our country's performance. >> gregg: legendary investor stanley drukenmiller he says it's...
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Jul 24, 2011
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that's a big concession by boehner. he is saying i'm willing to accept $800 billion in new revenue go against the antitax pledge. he says it doesn't violate that because rates would actually go down as parts of tax reform. this comes from glowing the growing the economy and doing away with loopholes and deductions. he was willing to go with that he said my offer is still on the table. we will see where they go. the grand bargain which seemed dead, you know, may be the only way out of this. >> shannon: maybe "fox news sunday" solved the debt crisis. >> the "fox news sunday" frame work. i think it should be called that. >> shannon: thank you, chris. >> you bet. two great interviews you can catch all of chris wallace's with secretary geithner and also speaker boehner coming up. speaker of the house john boehner after our 2:00 show. 2:00, 6:00 eastern. you can watch right after our show ends at 2:00. several g.o.p. hopefuls, including michele bachmann are campaigning in iowa this weekend. upcoming straw poll could reveal a
that's a big concession by boehner. he is saying i'm willing to accept $800 billion in new revenue go against the antitax pledge. he says it doesn't violate that because rates would actually go down as parts of tax reform. this comes from glowing the growing the economy and doing away with loopholes and deductions. he was willing to go with that he said my offer is still on the table. we will see where they go. the grand bargain which seemed dead, you know, may be the only way out of this....
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Jul 23, 2011
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president obama has shown he is willing to get big things done. take on the big issues. he's shown that with the historic health care reform bill that he was able to get passed, when many other presidents have not. republicans know this as well as anybody that's why they are throwing up roadblocks at every opportunity to prevent him from getting something big done. >> heather: how about this, if by some miracle of miracles we reach agreement in time, who gets the credit? not necessarily who is to blame. who gets the credit if we manage to do this? >> the media will make it out president obama's leadership. the reality is we have to compromise. tax hikes -- are not a solution. we have to go dollar for dollar debt sealing to debt and cut it. and move on from there. >> heather: christie? >> i think that president obama will be seen as the responsible leader in these negotiations. republicans have walked away from the table. they've left him at the alter, if you will. >> you guys are in control of washington, not us. >> americans are seeing the irresponsible lengths that rep
president obama has shown he is willing to get big things done. take on the big issues. he's shown that with the historic health care reform bill that he was able to get passed, when many other presidents have not. republicans know this as well as anybody that's why they are throwing up roadblocks at every opportunity to prevent him from getting something big done. >> heather: how about this, if by some miracle of miracles we reach agreement in time, who gets the credit? not necessarily...
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Jul 2, 2011
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the big question. can they get the number of bundlers out there and fund the campaign and be competitive. they come from big states that have a lot of money. texas and new york. you have to take that in consideration. the majority are committed to other candidates in the race right now. people have raised four million dollars and he is a new person in the campaign and someone that a lot of folks don't know a great deal about . the fact that he is raising money is interesting. >> the nice thing is given the timing of his announcement he's not obligated to file for the fcc reports . we will not know for certain what the campaign tells us . that is a pretty strong number if that is the case . you know, part of it right now. romney is the front runner and the other candidates are trying to position themselves to be a romney alternative and constitiency out there that likes what they represent and that is reflective of what he's been able to do. >> interestingly. i was going to say it looks like him and tim
the big question. can they get the number of bundlers out there and fund the campaign and be competitive. they come from big states that have a lot of money. texas and new york. you have to take that in consideration. the majority are committed to other candidates in the race right now. people have raised four million dollars and he is a new person in the campaign and someone that a lot of folks don't know a great deal about . the fact that he is raising money is interesting. >> the nice...
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Jul 30, 2011
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that could be hurt. >> big time. if we lose our triple a rating, it's absolutely going to affect every dollar in this chrism there is no way around it. so everything that we need is going to cost us more. you can remember that our country runs -- we borrow 43% in order for us to survive. any household or any business -- if this is a business, our country was a business, borrowing 43% to survive, i'd shut it down. it doesn't work. >> gregg: all right. i want to ask you about this 'cause i was talking to a gentleman in a department store two days ago. 86 years old. he really needs his social security check. he's really, really worried about that. the president has sort of suggested that he might have to cut off social security checks. how realistic is that? >> i hate this. i hate the scare tactics that this man continues to do. if you are over 55 years old, you are not impacted by this. it's for the people under 55 who will have a choice in the matter. that's reality. what he's doing is trying to rattle everybody's cag
that could be hurt. >> big time. if we lose our triple a rating, it's absolutely going to affect every dollar in this chrism there is no way around it. so everything that we need is going to cost us more. you can remember that our country runs -- we borrow 43% in order for us to survive. any household or any business -- if this is a business, our country was a business, borrowing 43% to survive, i'd shut it down. it doesn't work. >> gregg: all right. i want to ask you about this...
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Jul 17, 2011
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the big fighting is in kandahar and along the border with pakistan. this is an area they could turn over. they are doing it and it's a test case. canadians ceased their combat operations last week. they are going to replace their combat troops with 950 trainers. everybody is looking at the exit since the united states announceded we're pulling out. >> jamie: 10,000 of our troops will leave at the end of this year. and that has begun. how is it going? >> it's too early to tell. what happened is 650 troops left. they will not be replaced. that is the first increment of the 10,000 that you mentioned. so it will be, hopefully it will be more of a gradual reduction, so that we can meter the troops out as we take account of what is really happening on the ground. >> jamie: several generals recommended a slower withdrawal schedule than what president obama wants and is currently going to get. do you think we'll hear from them again? or in the military way will they just do what they have been asked to do? >> the thing about the military professionals, you ha
the big fighting is in kandahar and along the border with pakistan. this is an area they could turn over. they are doing it and it's a test case. canadians ceased their combat operations last week. they are going to replace their combat troops with 950 trainers. everybody is looking at the exit since the united states announceded we're pulling out. >> jamie: 10,000 of our troops will leave at the end of this year. and that has begun. how is it going? >> it's too early to tell. what...
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Jul 17, 2011
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but secondly, this big old fat government, so big, so fat, so inefficient is drowning out the growth possibilities of the private sector. it is just like an abusive weight straddling the back of every small businessman and woman today. it is a scary weight. they are saying cut yourself back to size. get to an appropriate level of balanced effort on those things that are high priorities in the public interest. and in this business of cutting, don't tell meow have to cut social security checks when you have got all kinds of places you could make the cuts like americorps and the congress debt and student loans. if you have a set of priorities don't put this fear talk about trying to frighten seniors into a panic. frankly the democrats have worn that one out and i don't even think the seniors are falling for it any more. >> shannon: you talk about a lot of things that you thought would be positive, cut, cap and balance, a balanced budget amendment. those things are not going to get done in the next 16 days. are youngsters you prepare youo august 2 and support not raising the debt ceiling
but secondly, this big old fat government, so big, so fat, so inefficient is drowning out the growth possibilities of the private sector. it is just like an abusive weight straddling the back of every small businessman and woman today. it is a scary weight. they are saying cut yourself back to size. get to an appropriate level of balanced effort on those things that are high priorities in the public interest. and in this business of cutting, don't tell meow have to cut social security checks...
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Jul 3, 2011
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there is a big debate. in my view, we should have balanced cuts and balanced re-knews, but what we can't do is policies generally do, use the leverage available at the moment, the debt ceiling and overplay our hand to the point we go in default. if we default, let's say the interest rates spike as they do, 1% increase, the interest rate that taxpayers have to pay on the debt is $160 billion added to long-term debt. dangerous game. >> shannon: we are a month out at this point and we know there is back timing to that. legislation has to be written and drafted and the votes have to be taken. what is the truly the drop-dead deadline for negotiating out the content of the deal? >> secretary geithner says august 2 is the drop-dead date, where we have to make decisions of who we won't pay. everything i read it would take one to two weeks to draft a bill after an agreement. then normally you have disputes that arise because the difference between what people thought they agreed to and what is on paper emerge. the r
there is a big debate. in my view, we should have balanced cuts and balanced re-knews, but what we can't do is policies generally do, use the leverage available at the moment, the debt ceiling and overplay our hand to the point we go in default. if we default, let's say the interest rates spike as they do, 1% increase, the interest rate that taxpayers have to pay on the debt is $160 billion added to long-term debt. dangerous game. >> shannon: we are a month out at this point and we know...
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Jul 2, 2011
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the officials with the reservation have taken a big hit. here's what one had to say. >> there's always hope that the damage to our reservation particularly, our timber area, our forest area would be protected. unfortunately, mother nature is the one that is driving this fire and in control of it. >> reporter: again, no structures burned. the people of los alamos, 12,000 people who are all evacuated on monday of this week, should hear tomorrow whether they can return. we are thinking sunday, perhaps monday at the latest. >> gregg: dan springer, thanks very much. >> the big question is, are these folks going to get relief from the hot, dry weather? maria molina following that in the fox weather center. >> we are seeing showers and thunderstorm firing up around the region. nothing in los alamos. across the state of new mexico showers and storms continue to fire up not just this afternoon but the next several days. we are headed into something call the north american monsoon season. over the next several months we are going to see an increase i
the officials with the reservation have taken a big hit. here's what one had to say. >> there's always hope that the damage to our reservation particularly, our timber area, our forest area would be protected. unfortunately, mother nature is the one that is driving this fire and in control of it. >> reporter: again, no structures burned. the people of los alamos, 12,000 people who are all evacuated on monday of this week, should hear tomorrow whether they can return. we are thinking...